Coffee Machines Market Size, Share, Price, Trend, Growth, Analysis, Key Players Report, Forecast 2022-2027
The global coffee machine market will be driven by the increase in the introduction of automatic coffee machines during the forecast period 2022-2027
30 NORTH GOULD STREET, WYOMING, USA, Aug. 31, 2022 /EINPresswire.com/ — Expert Market Research’s new report “Global Coffee Machines Market Size, Report and Forecast 2022-2027”, provides an in-depth analysis of the global coffee machine market, assessing the market based on its segments such as product types, categories of operation, end-uses and major regions.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.1%
The global coffee machine market is expected to be driven by changing consumer tastes in coffee. The increase in coffee consumption in Asian countries is one of the main factors driving the growth of the market. Along with this, the introduction of new products, such as green and organic coffee, is expected to lead to high consumption, thus contributing to the growth of the market.
The rapidly growing market for ready-to-drink (RTD) beverages, especially coffee-infused beverages, is propelling the growth of the industry forward. Additionally, due to the popularity of automation over the past few years, there has been a meteoric rise in the introduction of automatic coffee machines with features such as digital display and personalization features, which drives the growth of the global market.
Industry definition and major segments
Coffee machines are small electrical appliances used to make coffee. Filter coffee machines, espresso coffee machines, capsule and pod coffee machines and other models are available in a variety of sizes and shapes, as well as different types of models.
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By Product Type, the market is segmented into:
• Filter coffee machines
• Capsule or pod coffee machines
• Traditional espresso machines
• Coffee bean machines
Based on the category of operation, the market is categorized into:
• Fully automated
Market end use is divided into:
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Various manufacturers are investing in research and development activities to introduce advanced machines with the latest technologies. The development of commercial and office infrastructure is also increasing the demand for coffee machines, leading to an expansion of the market. The increasing number of cafes and restaurants across the world also increases the demand for commercial products.
Moreover, the ever-expanding business sector will further increase the demand. In the coming years, residential applications will also witness a significant increase, propelling the growth of the market. Consumers prefer machine coffee over hand-brewed coffee due to the growing popularity of coffee and a preference for specialty coffee variants. This trend has led to a significant increase in sales of coffee machines.
Main market players
Major market players include Keurig Green Mountain Inc., Panasonic Corporation, Newell Brands, Inc., Nestlé Nespresso SA, Hamilton Beach Brands Inc., and Robert Bosch GmbH, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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